The movements on the Green energy front (What does it mean?) have become complex, obscured tea-leaves reading exercises and here’s another one that will get little attention though it rolls disparate dynamics into one [silent] scream:
The Federal Energy Regulatory Commission on Monday unanimously rejected a proposal by Energy Secretary Rick Perry that would have propped up nuclear and coal power plants struggling in competitive electricity markets.
The independent five-member commission includes four people appointed by President Trump, three of them Republicans. Its decision is binding.
TL;DR – the commission endorses markets. ‘Sustainable’ was an iffy signifier until people. Started. Making. Money. Or put another way: Guy comes into his shrink’s office after a hundred sessions and the doc lays it all out. Everything comes down to: It doesn’t matter which green we’re talking about. They both point to the same place. Ugly, perhaps, and maybe not inevitable enough to happen in time. So parades and grandstanding will seem a little gratuitous and a kind of devolution at the hand of the money power. Again, hate the irony, not the player.
Image: future skate park?
Why can’t the pharmaceutical companies
The United States is on the verge of a solar boom that could provide 4.3 percent of the nation’s electricity by 2020, according to a new report from Bloomberg New Energy Finance.
There’s just a 12-figure catch: Investors need to put $100 billion into the solar industry to keep the generation of solar electricity growing by 42 percent a year for the next decade to expand capacity from the current 1.4 gigawatts to 44 gigawatts
directly fund sponsor desert wind farms?
Federal prosecutors in Boston yesterday said British drug giant GlaxoSmithKline PLC agreed to pay $750 million to settle civil and criminal charges that it made and sold adulterated drugs, including the antidepressant Paxil, to Medicaid and other government payers
The settlement, one of the largest ever in a health care fraud case, burnished the reputation of the US attorney’s office in Boston as the premier federal office for investigating health care fraud. It has been responsible for recovering about $6 billion in health care fines and claims in the past decade, about 25 percent of all recoveries nationally.
If you think I’ve got it backwards, GlaxosmithKline’s share price only went down .14 (fourteen cents!) on news of the settlement.
So, it’s funny how this oil derrick just looks like an I-beam with a few other chunks of steel welded to it, connected by a hinge to a sort of gallows. If you spend any time at all examining the picture for its constituent parts, it almost begins to break itself down. What other kinds of things might be made with these materials?
Many more pictures here of what happens to a place when a boom goes bust, especially one based on oil production. The sociological connection to everything required for extraction is not far removed from this idea; but neither is the way we shield ourselves and our tender sensibilities from the extraction costs when they include exploding bodies and flag-draped coffins. It’s scandalous how we permitted the government to ban photographs of soldiers returning home in cargo planes. That’s the extent of our honor right there. Look away, indeed. These are the costs of our dependence strategies, the further externalities, if you will, and if we can’t handle them then we should perhaps think twice about tying our liberty and freedom to gassing up.
These are among the cautionary guidelines we should consult in our decision-making. Without them, we’re just walking in front of cartoon scenery. You can’t section off moral hazard as though it’s a completely separate consideration. Unless you’re able to do that. Then, you’re all set!
I hope they’re making this up. According to wikipedia, the derrick device was named for its resemblance to a hangman’s gallows; the derrick-type gallows was itself named for an Elizabethan Era executioner.